News tagged with creditors
Thomson says it has reached deal with creditors
Jul 24, 2009 |
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Struggling French media technology group Thomson said Friday it had reached a deal with its creditors that would allow for a 45 percent reduction in its debt.
German Infineon seeks 500 mln euros in loan guarantees: report
May 28, 2009 |
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Troubled German semiconductor maker Infineon has asked the government for around 500 million euros (690 million dollars) in loan guarantees, a press report said on Thursday.
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Financial restructuring in fresh-start chapter 11 reorganizations
Nov 30, 2009 |
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The effectiveness of the existing bankruptcy code has long been a source of vigorous debate. More and more lately, high-profile firms like General Motors, Enron, and K-Mart are seeking protection from creditors through Chapter ...
Ciena wins court approval for Nortel unit bid
Oct 16, 2009 |
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(AP) -- Ciena Corp. won court approval Thursday to start bidding on Nortel Network Corp.'s optical and Ethernet division with an offer valued at more than $532 million.
SKorea's Hyosung group bids for Hynix: report
Sep 22, 2009 |
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A minor business conglomerate in South Korea looks set to buy a major stake in the world's second biggest memory chip maker after becoming the only firm to submit a bid, a report said Tuesday.
US, Canadian judges approve Nortel bankruptcy sale
Sep 16, 2009 |
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(AP) -- Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses.
CEO of Nortel steps down as company liquidates
Aug 10, 2009 |
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(AP) -- Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications company, saying "a natural transition point" has been reached as the company continues to liquidate.
Courts OK $1.13B sale of Nortel assets to Ericsson
Jul 28, 2009 |
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(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.
Unclear what happens to personal info with Clear
Jun 27, 2009 |
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(AP) -- More than a quarter million people are wondering what will happen to their fingerprints, Social Security numbers, home addresses and other personal information now that a company that sped them through ...
Study: Bankruptcy rates reflect policy, not people
Jun 22, 2009 |
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What do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50-state bankruptcy study published in the latest issue of the Journal of La ...
ID-theft ruling: Set your own fraud alerts
May 29, 2009 |
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(AP) -- Companies that sell "identity-theft protection" present an alluring but questionable proposition.
Hospitals cutting services, staff amid recession
Apr 27, 2009 |
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(AP) -- Ailing from the recession, many U.S. hospitals have had to begin making painful cuts to patient services and laying off staff, as previous cost-cutting hasn't been enough, an industry survey found.
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